u/IntelligentAirport22

▲ 37 r/SCHD

SCHD dividens

I’d like some opinions on my current DCA strategy.

I age 33, currently hold 227 shares of SCHD and I'm investing every month with a 70/30 split between VOO and SCHD — roughly $1,000/month goes into SCHD.

The issue is that I’m not a U.S. resident. I’m currently paying 25% tax on the dividends, and I also can’t use DRIP through my IBKR setup, so the dividends are paid out as cash and I have to reinvest them manually.

My question is:

Does it still make sense to continue allocating 30% of my monthly investments to SCHD, or would I be better off putting that 30% into VOO instead?

For long term, my goal is to retire as early.

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u/IntelligentAirport22 — 5 days ago